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==== Real-Life Example: Financing an Airbnb Business ==== Consider Emily, who wanted to start an Airbnb business but didnβt have enough savings to cover all the initial costs. She decided to take a multi-pronged approach: * '''Personal Savings:''' Emily used her savings for the down payment on a rental property. * '''Business Loan:''' She secured a small business loan to cover furnishing, decor, and initial setup costs. * '''Private Investor:''' Emily brought on a private investor who provided additional funds in exchange for a percentage of the profits. By diversifying her financing sources, Emily managed to set up a beautiful and functional Airbnb property. Her strategic approach allowed her to start her business without overwhelming financial strain.
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